Here is standalone version of Trend Regularity Adaptive Moving Average [LuxAlgo] with Jurik Filtering option.
Indicator have MTF, alerts, arrows and filtering options, also, from original have menu Power.
If is smaller then 2, indicator is faster then original and viceversa.
What is the TRAMA indicator?
The TRAMA works similarly to other moving averages, but it has the added benefit of being smoother when the market is moving sideways.
The TRAMA moving average adjusts based on the average of the Highest Highs and Lowest Lows over a certain period, which helps it respond to the strength of trends. It will display strong results by using this moving average in a crossover system or as a way to set trailing support and resistance levels.
- Using higher values for it's Period will ​​return smoother results.
- TRAMA can also be used as a trailing stop or support and resistance line.
